Smith Asset Management Group LP lowered its stake in shares of Vantiv, Inc. (NYSE:VNTV) by 14.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 543,060 shares of the business services provider’s stock after selling 93,140 shares during the period. Smith Asset Management Group LP owned about 0.34% of Vantiv worth $34,397,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Shaker Investments LLC OH increased its position in Vantiv by 0.7% in the second quarter. Shaker Investments LLC OH now owns 11,480 shares of the business services provider’s stock valued at $727,000 after buying an additional 80 shares in the last quarter. Shepherd Financial Partners LLC increased its position in Vantiv by 0.9% in the first quarter. Shepherd Financial Partners LLC now owns 8,872 shares of the business services provider’s stock valued at $549,000 after buying an additional 83 shares in the last quarter. Telemus Capital LLC increased its position in Vantiv by 0.8% in the first quarter. Telemus Capital LLC now owns 12,092 shares of the business services provider’s stock valued at $775,000 after buying an additional 92 shares in the last quarter. Wedge Capital Management L L P NC increased its position in Vantiv by 0.8% in the second quarter. Wedge Capital Management L L P NC now owns 12,990 shares of the business services provider’s stock valued at $823,000 after buying an additional 98 shares in the last quarter. Finally, Utah Retirement Systems increased its position in Vantiv by 0.4% in the first quarter. Utah Retirement Systems now owns 28,300 shares of the business services provider’s stock valued at $1,815,000 after buying an additional 100 shares in the last quarter. 84.49% of the stock is currently owned by hedge funds and other institutional investors.

Vantiv, Inc. (VNTV) opened at 69.30 on Friday. Vantiv, Inc. has a 52-week low of $52.50 and a 52-week high of $70.15. The company has a market cap of $11.18 billion, a P/E ratio of 58.58 and a beta of 0.61. The stock’s 50 day moving average price is $63.61 and its 200-day moving average price is $63.45.

Vantiv (NYSE:VNTV) last issued its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. Vantiv had a return on equity of 34.40% and a net margin of 5.58%. The business had revenue of $530 million during the quarter, compared to analysts’ expectations of $525.12 million. During the same period in the previous year, the firm posted $0.70 earnings per share. The company’s revenue was up 10.3% on a year-over-year basis. On average, equities analysts predict that Vantiv, Inc. will post $3.33 earnings per share for the current fiscal year.

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Several equities analysts have recently weighed in on the company. Stifel Nicolaus raised Vantiv from a “hold” rating to a “buy” rating and boosted their target price for the company from $63.00 to $85.00 in a research report on Thursday. Piper Jaffray Companies reissued a “hold” rating and set a $64.00 target price on shares of Vantiv in a research report on Thursday. Robert W. Baird reissued an “outperform” rating and set a $80.00 target price (up previously from $72.00) on shares of Vantiv in a research report on Thursday. Deutsche Bank AG reissued a “buy” rating and set a $72.00 target price (up previously from $67.00) on shares of Vantiv in a research report on Thursday. Finally, Craig Hallum set a $80.00 target price on Vantiv and gave the company a “buy” rating in a research report on Thursday. Nine equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $69.68.

In other news, insider Matt Taylor sold 11,622 shares of Vantiv stock in a transaction on Friday, June 9th. The stock was sold at an average price of $63.14, for a total value of $733,813.08. Following the completion of the sale, the insider now directly owns 64,269 shares of the company’s stock, valued at $4,057,944.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.27% of the company’s stock.

About Vantiv

Vantiv, Inc is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC. The Company is a payment processor. The Company’s segments include Merchant Services and Financial Institution Services. The Company offers a range of payment processing services that enable its clients to meet their payment processing needs through a single provider.

Institutional Ownership by Quarter for Vantiv (NYSE:VNTV)

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